Price trends were
narrowly mixed in framing lumber trading that was subdued but still liquid. While most
buyers avoided owning any more than they had to have, a perception that prices represented
good values led some to cover immediate needs with little hesitation. Wholesalers focused
on selling from their lists or worked back to back. Producers walked a line between
resisting counters and not letting serious buyers off the phone without getting an order.
Panel market
Structural panel markets shook off the dull pace of recent weeks and kicked into a higher
gear. The tone of the OSB market improved as the week progressed. While traders could
point to no particular catalyst, dealers and distribution yards were less reluctant to
cover immediate needs. In Southern Pine plywood, momentum from last week's turnaround
generated steady sales and higher prices. Most sheathing prices gained $20-25. Western Fir
plywood sales from distribution intensified Tuesday in the Midwest and Northeast, igniting
a round of replenishment purchases from the mills Wednesday and Thursday.
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